Opening Bank Account

Descriptive title. As printed in the official bye-laws: “Opening of Banking Account. and Investment of Funds” (stray full stop mid-heading in the print)

Official TextSelect & copy — link auto-added

Opening of Banking Account. and Investment of Funds 113. A Banking Account shall be opened by the Society in the nearest State or District Central Co-op Bank / a Scheduled Bank having awarded “ A “ Audit Class in last three consecutive years, , Nationalised Bank, and in any other mode permitted by general or special order of the State Government, as provided under section 70 of the Act and the account shall be operated upon and all acquaintances and discharges shall be signed by the Secretary jointly with the Chairman or Treasurer.

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